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- forexdave replied May 25, 2010
What made you want to take that quick long on the AU? I lost some pips on that one... held on to my short for too long
EURUSD
- forexdave replied May 25, 2010
Excellent post... yes... it's very easy to try a martingale strategy when you're paper trading and have nothing to loose. Once you've worked hard to build up your REAL account balance, it's hard to add to those loosing positions
why is everyone so afraid to average down?
- forexdave replied May 25, 2010
Yes Lonestar... I agree... I just wanted to see if there's any guys actually doing it and actually making money (thanks for making me laugh with your comment)
why is everyone so afraid to average down?
- forexdave replied May 25, 2010
EXCELLENT post! I'm hoping to be at stage 3 someday!!
Cable Update (GBPUSD)
- forexdave replied May 25, 2010
So, all you successful martingaler's... what are some basic guidelines?? Example: double up every 200 pips?? I'm asking because I am most definetely NOT a successful martingaler
why is everyone so afraid to average down?
- forexdave replied May 25, 2010
AU finally beginning to fall... How far will she fall?? Thoughts??? T
AUD/USD
- forexdave replied May 25, 2010
Thanks for your occasional trade calls wormboy! KEEP IT UP
The WoRmHoLe
- forexdave replied May 25, 2010
Insightful.... maybe that's one reason why the AU has been so spurratic lately
AUD/USD
- forexdave replied May 25, 2010
So, for people who use this method... how often do you add to your loosing positions?? (example: every 50 pips) Also, what time frame are you mostly using?? I'd like to hear from people who are successfully using this strategy
why is everyone so afraid to average down?
- forexdave replied May 25, 2010
Excellent phrase... it's going in my Forex quotebook
why is everyone so afraid to average down?
- forexdave replied May 25, 2010
What made you want to go long on this retracement? What was your entry point?? Thanks
EURUSD
- forexdave replied May 25, 2010
Agreed... AU shot up like a rocket this past 1.5 hrs. Looking to short it at 8300
EURUSD
- forexdave replied May 24, 2010
Agreed... particularly with the US Holiday weekend coming... trend might not be too clear for a little while
Simple & Consistent Fibbing Method
- forexdave replied May 24, 2010
Well said... proper MM is truly the key to this strategy
why is everyone so afraid to average down?
- forexdave replied May 21, 2010
Excellent, Excellent post... will save and read frequently! THANKS!
EURUSD